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Loeffler plans to spend $20 million on Georgia Senate campaign

Loeffler plans to spend $20 million on Georgia Senate campaign
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Georgia’s soon-to-be Sen. Kelly LoefflerKelly LoefflerKelly Loeffler's WNBA team sold after players' criticism Please, President Trump: Drop your quest for revenge and help the GOP The Hill's Morning Report - Presented by The AIDS Institute - Finger-pointing on Capitol riot; GOP balks at Biden relief plan MORE (R) will spend $20 million of her personal fortune on her bid to hold on to her Senate seat next year, according to a person familiar with her plans.

Loeffler, the multimillionaire CEO of an Atlanta-based financial services firm, was appointed on Wednesday to replace retiring Sen. Johnny IsaksonJohnny IsaksonLoeffler leaves door open to 2022 rematch against Warnock Perdue on potential 2022 run: GOP must regain the Senate Bottom line MORE (R) in 2020. Her appointment sets up a special election next year that is expected to draw both Republican and Democratic challengers.

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Because it will be a special election, there won’t be primaries to determine the Republican and Democratic nominees, and candidates of all parties will appear on the ballot in November. If no candidate manages to reach the 50 percent threshold, a runoff election between the top two finishers will be held in January 2021. 

Georgia Gov. Brian KempBrian KempTrump says 2018 endorsement of Kemp 'hurt' Republicans Rick Scott acknowledges Biden 'absolutely' won fair election Georgia teachers to be next in line in state for coronavirus vaccine MORE’s (R) decision to tap Loeffler for the Senate seat has prompted frustration from some Republicans and allies of President TrumpDonald TrumpProsecutors focus Trump Organization probe on company's financial officer: report WHO official says it's 'premature' to think pandemic will be over by end of year Romney released from hospital after fall over the weekend MORE, who had pressed Kemp to appoint Rep. Doug CollinsDouglas (Doug) Allen CollinsThe Hill's Morning Report - Presented by The AIDS Institute - Finger-pointing on Capitol riot; GOP balks at Biden relief plan Perdue rules out 2022 Senate bid against Warnock Loeffler leaves door open to 2022 rematch against Warnock MORE (R-Ga.), the ranking member on the House Judiciary Committee, to take over for Isakson when he retires at the end of the year.

Even before Loeffler’s appointment on Wednesday, Collins had suggested that he may run for the Senate seat in 2020 if he was not appointed to replace Isakson.

Nevertheless, Senate Republicans have rallied behind Loeffler. The National Republican Senatorial Committee is expected to back her next year, and she has won praise from Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellJudiciary Committee greenlights Garland's AG nomination This week: Senate takes up coronavirus relief after minimum wage setback Juan Williams: Hypocrisy runs riot in GOP MORE (R-Ky.).

After Kemp announced Loeffler’s appointment on Wednesday, McConnell called on Senate Republicans to come out in support of the Atlanta businesswoman. 

"Senator-designate Loeffler will have my full support for reelection in 2020 as a Republican incumbent and I encourage all my colleagues to join me,” McConnell said in a statement.

Still, next year’s race for Isakson’s seat is expected to be an expensive one, as Democrats and Republicans alike are expected to pour money into the race.